Colo. Rev. Stat. § 32-14-129
Sale of real and personal property of district
Colorado · Colorado Revised Statutes Title 32 — Special Districts · Status: effective
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- Citation
- Colo. Rev. Stat. § 32-14-129, Sale of real and personal property of district, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2313124
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Full text
Upon completion of the construction of a stadium pursuant to the provisions of this article, the board shall make a good faith effort to sell the real and personal property of the district, including the stadium, to any qualified buyer. The board shall establish criteria to determine qualified buyers. The board shall not accept any offer from any qualified buyer for such real and personal property of the district for an amount less than the total amount of outstanding obligations of the district or the amount of sales tax revenues used by the board to acquire a site for a stadium and to construct a stadium, whichever is greater.